Unemployment
Economic Issue
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Darling warns British unemployment will rise...while, it is lower than in other countries. " The rate of unemployment in the UK stands at 7.8 per cent, after growing 1 per cent in the last quarter to September and 2 per cent over the year. This compares with 10.2 per cent in the US, 7.7... In this article: Unemployment, UK, Recession, Germany, France, and US |
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SPIEGEL ONLINE - International | November 04, 2009
Buying Itself Out of a Recession: Countries Ask How Germany Avoided Mass Unemployment
Buying Itself Out of a Recession: Countries Ask How Germany Avoided Mass Unemployment Buying Itself Out of a Recession Countries Ask How Germany Avoided Mass Unemployment Germany, second only to China as the world's leading exporter of...
In this article: Germany, Recession, Christian Democratic Union, United States, and Palatinate
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boston.com - Latest news | 1 day ago
German consumer confidence down
German consumer confidence down THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING BERLIN-Consumer confidence in Germany, Europe's largest economy, fell for the second month in a row amid fears of rising unemployment and a drop in income...
In this article: All rights reserved, E mail, Europe, Germany, and Associated Press
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FT.com - World | 21 hours ago
Germany to extend job subsidy scheme
...25 2009 17:59 Germany will extend a temporary subsidy for companies that retain redundant workers for another year, underlining the new government's concern about a possible sharp rise in unemployment in the coming months. Yet the cabinet,...
In this article: Germany and Angela Merkel
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boston.com - Latest news | 1 day ago
Germany extends short-work program
Germany extends short-work program THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING BERLIN-Germany on Wednesday extended until the end of 2010 a government program that allows companies to put workers on shorter work hours in an effort to...
In this article: Germany, Franz Josef Jung, Angela Merkel, Europe, and Berlin
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washingtonpost.com | 6 days ago
Trichet: time to withdraw some support measures
...sector still aren't solved. "As a realist, one has to assume that next year, here in Germany, banks will see more charges to their balance sheets because of the effects of rising corporate insolvencies and unemployment," Schaeuble said.
In this article: Jean-Claude Trichet, Wolfgang Schaeuble, Frankfurt, Balance sheet, Inflation, Credit crunch, and Germany
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Sydney Morning Herald - World | 3 days ago
Spanish PM vows sweeping reforms to boost economy
...as it was excessively based on construction. He also called for reforms in the labour market, without which he warned Spain faced a long period of high unemployment. Spain accounts for just three percent of "high-quality"...
In this article: Spain, Jose Luis Rodriguez Zapatero, Europe, Recession, Credit crunch, Socialist Party, Bank of Spain, and European Union
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Huffington Post | November 16, 2009
Paul Krugman: Germany's Jobs, Unemployment Miracle Can Teach US
Paul Krugman: Germany's Jobs, Unemployment Miracle Can Teach US New York Times: Germany's jobs miracle hasn't received much attention in this country -- but it's real, it's striking, and it raises serious questions about whether the U.S....
In this article: Germany, Ben S. Bernanke, Federal Reserve, Barack Obama, Paul Krugman, Washington, New York, New York, and Suicide
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Indiana Times - The Economic Times | 19 hours ago
Britain is last major nation in recession
Britain, facing soaring unemployment and public debt caused by the financial crisis, will hold an election by mid-2010, which Prime Minister Gordon Brown's Labour government is tipped to lose to the main opposition Conservatives.
In this article: Recession, United Kingdom, London, Labour, and Gordon Brown
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Description from Wikipedia:
thumb|350px|CIA figures for the latest [[List of countries by unemployment rate|world unemployment rates]]
Unemployment occurs when a person is available to work and seeking work but currently without work. The prevalence of unemployment is usually measured using the unemployment rate, which is defined as the percentage of those in the labor force who are unemployed. The unemployment rate is also used in economic studies and economic indices such as the United States' Conference Board's Index of Leading Indicators as a measure of the state of the macroeconomics.
==Okun's Law==
Okun's law states that for every 3% GDP falls relative to potential GDP, unemployment rises 1% (of the total workforce). When the economy operates at productive capacity, it will experience the natural rate of unemployment.
U= ^u-h[100(y/yn)-100]
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